By 2030, the country sets to raise its credit rating to Baa3 or better on Moody’s scale and BBB- or better on the Standard & Poor’s and Fitch, which are considered as “investment-grade”.

Vietnam expects to raise its sovereign ratings by 2030, according to the Sovereign Rating Improvement Project recently approved by Deputy Minister Le Minh Khai.

Vietnam’s recovery is set to gather momentum in 2022, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings.

Predictability and transparency in the policy framework will be the key for Vietnam to overcome the crisis and the positive outlook will put the country in a much better position to aim for an investment rating in the near future, Olivier Rousselet, Country Director of BNP Paribas Vietnam, has said.

Fitch Ratings has revised Vietnam’s outlook to “positive” from “stable” and affirmed the long-term foreign-currency issuer default rating at “BB”.

Prime Minister Nguyen Xuan Phuc has asked ministries, agencies and localities to do their best to reach the highest possible socio-economic targets this year.

On June 20, 2017, the National Assembly passed the revised Penal Code. It became effective on January 1, 2018. Several significant changes have occurred. Several acts, previously criminal, are no longer punishable. On the other hand, several previously innocent acts have been criminalized. One very large change is that an enterprise-not just an individual-may now be guilty of a crime1.

The Law on Small- and Medium-Sized Enterprises was passed by the National Assembly last year in a hope to facilitate the formulation of comprehensive support policies and programs for these subjects. This article highlights novel points of the Law.